Report: Used Class 8 Truck Sales Up In January

January sales numbers for used Class 8 trucks were up 12 percent over December. 

The average price for Class 8 trucks decreased 7 percent in that same month-over-month timeframe, according to a March 1 report from ACT Research, with an 8 percent hike in average miles and a 1 percent increase in average age. 

Compared to January 2022, sales were down 7 percent, the report showed, with the average price plummeting 16 percent. Average miles and average age were both up year-over-year, by 5 and 1 percent, respectively. 

Steve Tam, ACT’s vice president, stated in the release that sales typically decline a bit in January, so an increase is a bit atypical. 

“However, expectations called for the disconnect,” Tam explained. “The assumption was based on strong new truck sales in November and December, which helped to relieve some of the pent-up demand the used truck market suffered through most of 2022.”